2 ms·
Some argue thinking of forks as a stock split is incorrect. """ Should it be treated as a split of BTC? That seems incorrect and complicated. If you half the
by dmm 9y ago
Some argue thinking of forks as a stock split is incorrect.
"""
Should it be treated as a split of BTC?
That seems incorrect and complicated. If you half the value of your BTC holdings and sell them, you will incur more gains. However, could you determine how much were short-term and long-term? The BCH would also be classed as income at this point, since it now has a value, and so will incur income taxes. Unlike stocks that split, BCH and BTC are separate digital assets that have no common markets, and will have different values going forward.
"""
https://bitcoin.tax/blog/how-to-tax-bitcoin-cash-bch/ https://bitcoin.tax/blog/how-to-tax-bitcoin-cash-bch/